ID Experts Home

5 Reasons Why Free Credit Monitoring Isn’t Enough

February 16, 2018

​After the Equifax breach, the news media (and our MyIDCare blogs) were full of advice to protect yourself from ID theft, including checking your free annual reports from the three major credit bureaus. So, you might wonder, “If I can monitor my own credit reports, why should I consider an identity protection service?” It’s a good question, and here are five good reasons why an identity protection service (IDPS) is better than free credit reports alone.

  1. You’re entitled to a free annual credit report from each of the three major credit bureaus, and you should go ahead and review those, one every 4 months. But most identity protection services offer ongoing monitoring of at least one bureau, so if someone commits financial fraud with your identity, you’re likely to find out sooner and limit the damage the criminal can do.

  2. Large-scale cyber-attacks are the most common cause of identity theft these days, and the stolen information is typically sold on the Dark Web to the criminals who will use it for fraud. A good identity protection service like MyIDCare monitors the Dark Web for your personal information and alerts you, so you have time to set a fraud alert or credit freeze and you can watch extra carefully to head off potential problems.

  3. Monitoring your credit report helps deter financial fraud, but there are many other kinds of identity theft such as medical, criminal, employment, insurance, and more. An identity protection service helps alert you to more than just financial ID theft and can help restore your identity, which brings us to…

  4. Most important, monitoring helps you discover identity theft, but it doesn’t help you clear your identity, which can be a long, involved, and painful process. A good identity protection service will not only alert you to problems, it will also put expert recovery advocates on your case who can restore your identity with a minimum of hassle, stress, and time away from the other important parts of your life.

  5. Last, but certainly not least, your identity protection service should help you protect yourself better through articles, social media alerts, and other resources that help alert you to the latest scams and threats. That’s why MyIDCare shares tips and strategies, because the best kind of identity theft is the one that never happens in the first place.

If you regularly check your own annual credit reports, good for you because you can’t be too careful. But because you are careful, also consider an identity protection service so you’ll be ready for whatever happens.

Is your identity at risk?

Get Protected
Ask an Expert
Credit Fraud and Identity Theft: What’s the Difference?
October 27, 2016

Identity theft is like ice cream in that it comes in a variety of flavors—but you’re not likely to enjoy a single one of them. People often think credit fraud and identity theft are the same thing, but in fact credit fraud is just one of the many unpleasant “flavors” of identity theft.…

Identity theft is like ice cream in that it comes in a variety of flavors—but you’re not likely to enjoy a single one of them. People often think credit fraud and identity theft are the same thing, but in fact credit fraud is just one of the many unpleasant “flavors” of identity theft.…

Learn More
Ask an Expert
Is Credit Card Protection Enough Identity Protection?
July 16, 2017

If you’ve ever had a credit card number stolen, you know that credit card companies will promptly and politely cancel your card along with any fraudulent charges. The process is pretty simple. All you have to do is report the bogus charges, and they’ll fix it. There’s just the slight…

If you’ve ever had a credit card number stolen, you know that credit card companies will promptly and politely cancel your card along with any fraudulent charges. The process is pretty simple. All you have to do is report the bogus charges, and they’ll fix it. There’s just the slight…

Learn More
{/exp:minimee:js}